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While it is one thing for a lot of Americans to be out of work, it is another issue when most of the people unemployed are not even looking for a job. In result, Christopher Whalen, executive vice president of Carrington Holding Co. , noted that this reaffirms the housing market is not recovering as well as some would like. Per Zero Hedge:

The fact that a lot of smart people can somehow convince themselves that the economy is improving when the evidence says otherwise tells us a lot about the state of the American political economy. After decades of living beyond our means and justifying same with artful lies, we are descending into a sort of Orwellian malaise, where the rules of Newspeak are observed strictly but without thought. Just as liberals are better than conservatives at marketing their ideas to voters, the economists have evolved the pretense of knowledge about the economy into an art form.

Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!

This Month in HousingWireMagazine

Wow! That was our reaction to the response we received for this year’s HW TECH100 call for nominations. This year, more than 250 companies submitted a nomination, and we’re grateful for the interest in our efforts with this unique program..

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Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB. Read More